when you come up against the debt ceiling and the fiscal cliff usually we put it off. but i think this is one that is going to cause tremendous damage and the question is with the congress gone for a week when do they have time to negotiate. >> $85 billion out of a $3.5 trillion budget. >> a small percentage but if it affects you. >> and this is going to hurt the economy? >> if you lose your job i think it hurts you don't you think? >> fundamentally the debt that we have at the moment is the bigger problem for the economy and job creation in the private sector. >> chris: let me binge karl in to talk about the sequester and look at the president's state of the union speech and agenda he laid out and what does that tell us about what he wants to do in his second term? >> spend a lot of money and pursue a lot of liberal social policies and says he is out of touch with the reality of where the country is. the democrats said we don't have a spending problem. 83% of the american people say we have a pending problem. i agree with kim. $85 billion cut is a 2.4% cut roughly out